Track Bank Accounts
Bank Accounts are displayed on the Payments so that they can be selected to direct monies to and from the relevant Bank account.
To add a Bank Account, Banking>Bank Accounts>+
You can set default Bank Accounts for receiving payments from Customers and making payments to Suppliers. The default accounts are set on a per-currency basis, and as such are actually set in the Currency document itself. To set the default bank accounts for a particular Currency follow the steps below.
Go to Accounting > Multi-Currency > Currencies. Edit, select. save.
Bank Accounts have Actions to allow users to perform the following tasks:
A form to enable the entry of miscellaneous expenses and their assignment and posting to the relevant GL account.
Payments in non-deposited funds are displayed here. This function enables users to decide what payments are deposited in this bank account. Users can save the deposit as 'Pending' to allow edits. Saving the document posts the selection to the General Ledger.
Transfer a balance from this account to the selected Account in the General Ledger.
This action post entries to the Profit and Loss ‘Other Income Accounts’.
This action posts entries to the Profit and Loss ‘Other Expense Accounts’.